Sen. Ossoff Announces Start of $2,000/Year Cap on Prescription Drug Spending for Georgia Seniors

Georgia seniors will no longer have to pay more than $2,000 per year for prescription drugs, according to a press release from Senator Jon Ossoff.

Thanks to legislation Sen. Ossoff helped pass into law in 2022, out-of-pocket prescription drug costs for seniors with Medicare Part D are now capped at $2,000 per year starting January 1, 2025.

According to AARP, the new prescription drug cap Sen. Ossoff helped pass into law will benefit more than an estimated 100,000 Georgia seniors who spend over $2,000 per year for medicine.

“We stood up to the pharmaceutical industry that has been price gouging seniors for decades to cap the out-of-pocket cost for insulin for seniors at $35 per month, and now, starting today, no Georgia senior with Medicare Part D will have to pay more than $2,000 in an entire calendar year for all of their prescriptions combined,” Sen. Ossoff said.

In addition to the $35/month cap on insulin and the $2,000/year cap on out-of-pocket drug spending, the legislation Sen. Ossoff helped pass into law also empowered Medicare — for the first time — to negotiate lower costs on popular and life-saving medicine for seniors, with new, lower costs beginning in 2026.

Sen. Ossoff continues working to protect Georgia seniors.

Last year, a bipartisan bill backed by Sen. Ossoff that would prevent employers from using forced arbitration against older workers seeking justice and accountability in cases of age discrimination passed the U.S. Senate Judiciary Committee.

Also last spring, Sen. Ossoff co-sponsored the bipartisan Medicare Multi-Cancer Early Detection Screening Coverage Act, legislation to expand early detection cancer screenings for Georgia seniors.